Chardan Healthcare Acquisition, a Chardan-backed blank check company formed to acquire a healthcare business, filed for its IPO on Monday.
The New York, NY-based company plans to raise $70 million by offering 7 million units at a price of $10. Each unit will consist of one share of common stock and one warrant to purchase one half of one share of common stock at $11.50. At $10, Chardan Healthcare Acquisition would command a market value of $88 million.
Chardan Healthcare Acquisition was founded in 2017 and plans to list on the NYSE American under the symbol CHACU. Chardan Capital Markets is the sole bookrunner on the deal.
